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    great's Avatar
    great Posts: 4, Reputation: 1
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    #1

    Jun 15, 2006, 10:41 AM
    Puzzled on Getting current assets
    Problem:

    Total assets = 11,700
    Net working capital = 1400
    Owners Equity = 5000
    Long Term Debt = 3500

    How do I get Current Assets out of the above?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jun 15, 2006, 08:53 PM
    Total Assets = Current Liabilities + Long term Liabilities + Owner's Equity
    11,700 = Current Liabilities + 3,500 + 5,000
    Current Liabilities = 3,200

    net working capital = Current Assets - Current Liabilities
    1,400 = Current Assets - 3,200
    Current Assets = 4,600
    great's Avatar
    great Posts: 4, Reputation: 1
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    #3

    Jun 16, 2006, 07:34 AM
    Thanks Captain! That's what I got, but wanted to be sure.

    Great
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